ACAMB Praises Nigerian Banks for 96% Compliance Rate

The Association of Corporate Affairs Managers of Banks (ACAMB), led by President Jide Sipe, commended the Nigerian banking industry for demonstrating resilience and strength by achieving a 96% compliance rate ahead of the March 31 recapitalization deadline. Sipe noted that this high level of compliance underscores the sector's stability and its commitment to building a robust financial system that supports Nigeria's economic growth.

He extended special praise to the Central Bank of Nigeria (CBN) for its regulatory oversight and visionary leadership, particularly acknowledging Governor Cardoso for his bold reforms that have reshaped the financial landscape. Additionally, Sipe congratulated the CBN for its recent recognition as the Central Bank of the Year 2026 by a London-based award committee, emphasizing the importance of continued regulatory support to ensure that no institution is left behind in maintaining a stable and interconnected financial system.